It may be felt that a discussion of this subject is a trifle premature at this time. Howler it is of interest to quote the words of Major-General H. referring to a similar discussion in 1952.

BACKGROUND "Our lives are connected by a thousand invisible threads and along these sympathetic fibers, our actions run as causes and return to us as results". It is Herman Melville's famous quote describing connections among human lives. To paraphrase the Melville's quote, diseases are connected by many functional threads and along these sympathetic fibers, diseases run as causes and return as...

Graphical Abstract “My favorite quote is ”we must have perseverance and above all confidence in ourselves“ by Marie Curie … I chose chemistry as a career because every day we expand our knowledge of the world at atomic level …” Find out more about Bei Ding her Introducing Profile.

Search terms were formulated and executed on Google to retrieve health insurance information. Search results were then examined to identify those web sites that were health plan web sites, "quote" web sites, "list" web sites (list of quote web sites or health plan web sites), or "other." 46 search sets yielded 19,578,694 hits. However, only the first 100 hits from each set were included in the ...

We decompose bid and ask quote log returns into three linear latent components: a common factor reflecting the informative efficient return and two noisy components capturing market side specific frictions, like liquidity-induced quote revisions. The latent return components are assumed to follow a conditionally heteroscedastic VAR(1) model where the conditional means and variances of the indiv...

Direct quotations from business leaders can communicate to the wider public the latent state of their organization as well as the beliefs of the organization’s leaders. Candid quotes from business leaders can have dramatic effects upon the share price of their organization. For example, Gerald Ratner in 1991 stated that his company’s products were crap and consequently his company (Ratners) los...

Draft: Please do not cite or quote without permission. Acknowledgements: Michael Stevens provided excellent research assistance. We thank three anonymous reviewers at ERIU for helping to refine the analysis plan.

This is a preliminary and incomplete version of a manuscript to be prepared for the CIME-EMS Summer School on Stochastic Methods in Finance, July, 2003. Please do not quote or distribute.